Howmet Aerospace profit margin HWM
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 20.5%
- Operating margin, 12 months
- 27.4%
- Net margin on a year earlier
- +2.4 pts
- Peer median
- 8.2%
Over the twelve months to Jun 30, 2026, Howmet Aerospace kept 20.5% of its revenue as net profit, with an operating margin of 27.4% and a gross margin of 36.0%.
Five years earlier its net margin was 6.2%.
The median for 10 aerospace and defense stocks of a similar size is 8.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 18.3% | 24.8% | 34.2% |
| FY2024 | 15.5% | 22.0% | 31.1% |
| FY2023 | 11.5% | 18.1% | 28.1% |
| FY2022 | 8.3% | 16.2% | 27.5% |
| FY2021 | 5.2% | 15.0% | 27.7% |
| FY2020 | 5.0% | 11.9% | 26.3% |
| FY2019 | 6.6% | 12.3% | 34.0% |
| FY2018 | 4.6% | 9.5% | 18.7% |
| FY2017 | −0.6% | 3.7% | 21.1% |
| FY2016 | −7.6% | 6.6% | 20.8% |
| FY2015 | −2.6% | 6.0% | 36.0% |
| FY2014 | 1.1% | 4.3% | 19.9% |
| FY2013 | −9.9% | −6.0% | 16.3% |
| FY2012 | 0.8% | 2.0% | 13.6% |
| FY2011 | 2.4% | 6.0% | 17.9% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 20.5% | +2.4 pts | 27.4% | |
| Q1 FY26 | 20.2% | +3.6 pts | 26.7% | |
| Q4 FY25 | 18.3% | +2.7 pts | 24.8% | |
| Q3 FY25 | 18.2% | +3.4 pts | 25.1% | |
| Q2 FY25 | 18.1% | +4.9 pts | 24.4% | |
| Q1 FY25 | 16.6% | +4.1 pts | 23.3% | |
| Q4 FY24 | 15.5% | +4.0 pts | 22.0% | |
| Q3 FY24 | 14.8% | +4.8 pts | 20.8% | |
| Q2 FY24 | 13.2% | +4.6 pts | 19.7% | |
| Q1 FY24 | 12.5% | +4.4 pts | 18.8% | |
| Q4 FY23 | 11.5% | +3.2 pts | 18.1% | |
| Q3 FY23 | 10.0% | +2.0 pts | 17.1% |
Against its peers
Companies in Aerospace & Defense nearest Howmet Aerospace's size, closest first, today.
| Company | Profit margin |
|---|---|
| HWMHowmet Aerospace | 20.5% |
| NOCNorthrop Grumman | 10.5% |
| TDGTransDigm | 21.3% |
| GDGeneral Dynamics | 8.2% |
| HONAHoneywell Aerospace | n/m |
| LHXL3Harris Technologies | n/m |
| HEIHEICO | 16.4% |
| LMTLockheed Martin | 8.2% |
| BABoeing | 2.6% |
| AXONAxon Enterprise | 6.2% |
| RTXRTX | n/m |
| Peer median | 8.2% |
Where Howmet Aerospace ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Howmet Aerospace
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.